(XHYD)

XHYD trades at $38.44, 16.5% above the near-term max pain of $33 expiring Sep 19, 2025 (8 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($33-$99), signaling increased put positioning or downside protection. Key magnetic zone at 33 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for XHYD shows a downward trend from 99 to 33, indicating bearish sentiment or hedging activity. The 121% spread signals divergent expectations across timeframes. Levels distributed around 38.44. Strong magnetic level at 33 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.